MARBLE FALLS, TX-Over the next 15 years, 1,030 acres at the northwest corner of Texas 71 and US 281 will be developed into a master-planned community called Flatrock Springs. When complete, the $200 million project will include more than 700,000 square feet of commercial space, along with 2,500 living units.

The land, owned by a consortium of local investors known as Marble Falls Partners LP, was previously zoned for agricultural use. Marble Falls Partners brought in Coral Gables, FL-based SouthStar Development Partners to master develop the property.

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